Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.19.1
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
A rollforward of the due (to) from related parties balance, net, as of December 31, 2018, is as follows:
 
 
 
Due to
Advisor –
Mgmt. Fees
 
 
Due (to) from
Advisor – Other
Funds
 
 
Due (to) from
Other Related
Party
 
 
Total Due (To)
From Related
Parties, Net
 
Balance as of January 1, 2018
 
$
(1,064
)
 
 
9
 
 
 
19
 
 
$
(1,036
)
Management fee expense incurred
(1)
 
 
(4,422
)
 
 
-
 
 
 
-
 
 
 
(4,422
)
Management fees paid to Advisor
(1)
 
 
4,343
 
 
 
-
 
 
 
-
 
 
 
4,343
 
Loans to Advisor
(2)
 
 
-
 
 
 
43
 
 
 
-
 
 
 
43
 
Loans to other related parties
(2)
 
 
-
 
 
 
-
 
 
 
42
 
 
 
42
 
Balance as of December 31, 2018
 
$
(1,143
)
 
 
52
 
 
 
61
 
 
$
(1,030
)
 
(1)
Net amount accrued of $79 consists of $4,422 in management fee expense incurred, net of $4,343 of accrued management fees that were paid to the Advisor. This represents a cash flow operating activity.
(2)
Aggregate amount of $85 represents amounts paid by the Company on behalf of several related party entities for miscellaneous purposes. This represents a cash flow investing activity.
 
A rollforward of the due (to) from related parties balance, net, as of December 31, 2017, is as follows:
 
 
 
Due to
Advisor –
Mgmt. Fees
 
 
Due (to) from
Advisor – Other
Funds
 
 
Due (to) from
Other Related
Party
 
 
Total Due (To)
From Related
Parties, Net
 
Balance as of January 1, 2017
 
$
(621
)
 
 
-
 
 
 
40
 
 
$
(581
)
Management fee expense incurred 
(1)
 
 
(3,123
)
 
 
-
 
 
 
-
 
 
 
(3,123
)
Management fees paid to Advisor 
(1)
 
 
2,680
 
 
 
-
 
 
 
-
 
 
 
2,680
 
Loan repaid to Advisor 
(2)
 
 
-
 
 
 
9
 
 
 
-
 
 
 
9
 
Loan repaid by other related party 
(3)
 
 
-
 
 
 
-
 
 
 
(21
)
 
 
(21
)
Balance as of December 31, 2017
 
$
(1,064
)
 
 
9
 
 
 
19
 
 
$
(1,036
)
 
(1)
Net amount
accrued of $443 consists of $3,123 in management fee expense incurred, net of $2,680 of accrued management fees that were paid to the Advisor. This represents a cash flow operating activity.
(2)
Amount
represents the overpayment of expenses that were previously paid by the Advisor on the Company’s behalf. This represents a cash flow financing activity.
(3)
Amount
represents the net receipt by the Company of previous loans made by the Company to those related parties. This represents a cash flow investing activity.
Convertible Debt [Table Text Block]
A rollforward of the funding from ZH USA, LLC classified as convertible debenture, due to related party as of December 31, 2016 is as follows:
 
Balance as of January 1, 2016
 
$
40,030
 
Conversion of convertible debenture to common shares (March 2, 2016)
1
 
 
(15,000
)
Conversion of convertible debenture to common shares (July 1, 2016)
1
 
 
(15,030
)
Pay-off of remaining principal balance
 
 
(10,000
)
Balance as of December 31, 2016
 
$
-
 
 
1
Total amount converted to common shares equals $30,030